03/31/2026
Miami’s Two Speed Market: Record Breaking Luxury Meets a Cooling Mainstream
On one end, ultra-luxury continues to surge, with record setting waterfront estates and high-end condos commanding global attention. Wealth migration and lifestyle driven demand are keeping this segment highly competitive.
On the other, the broader market is clearly rebalancing:
Sales are still rising marking the sixth consecutive month of year-over-year growth as of February 2026
Condo inventory has expanded to nearly 14 months of supply, signaling a shift toward a buyer’s market in that segment
Properties are taking longer to sell, averaging 104 days on market
On one end, ultra-luxury continues to surge, with record setting waterfront estates and high-end condos commanding global attention. Wealth migration and lifestyle driven demand are keeping this segment highly competitive.